Clean LR2 LR freight levels in the MEG continued downward this week. The 75kt MEG/Japan TC1 index lost 20% of its value to WS144.72. The 90kt MEG/UK-Continent TC20 trip to the UK-Continent also came down to the tune of $556,250 leaving the index currently at $4.47 million. West of Suez, Mediterranean/East LR2 freight took a …
Capesize The week started with a modest increase on the BCI 5TC, accompanied by steady activity in the Pacific and relatively calm conditions in the Atlantic. As the days progressed, the Pacific market saw increased activity and rising rates, particularly highlighted by a significant surge mid-week, driven by strong cargo demand. There were reports of …
Singapore’s low sulfur fuel oil arrivals from the West are expected to witness a sizeable drop for a second straight month in March, as arbitrage economics remain mostly unviable amid the ongoing geopolitical tensions in the Red Sea. The world’s largest bunkering hub of Singapore is now expected to receive around 1.4-1.7 million mt LSFO …
Singapore’s LSFO arbitrage inflows from West to drop further in March on Red Sea woes Read More »
Lower freight rates and fewer penalty fees at the Turkish straits are supporting Urals crude prices at Russian ports, as Moscow’s flagship grade holds firm above the Western price cap of $60 per barrel, data from traders, the Riverlake agency and Reuters calculations showed. Urals prices have climbed above $66 a barrel in western ports …
The Cyprus Shipping Deputy Ministry recently announced a new ‘Green Incentives Programme’, aiming to reward vessels which effectively reduce their greenhouse gas emissions. These measures form part of the general efforts of the Shipping Deputy Ministry – in line also with the European Green Deal – for promoting sustainable shipping practices which will bring the …
Cyprus Shipping 2024 | New Green Incentives Programme Read More »
The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen’s internationally recognised government said on Saturday, warning of a “environmental catastrophe” from the ship’s cargo of fertilizer. If confirmed, it would be the first vessel lost since the Houthis began targeting commercial shipping in November, forcing shipping firms to …
Ship sunk by Houthis threatens Red Sea environment, Yemeni government says Read More »
El concurso, que cuenta ya con chefs de España, Italia, Alemania y Portugal, suma a los de la región económica que agrupa a Bélgica, Países Bajos y Luxemburgo La inscripción, que se realiza online, estará abierta hasta el próximo 15 de marzo para cocineros en activo de dichos países que trabajen con atún rojo Balfegó, …
La Banda de Músicos de la Escuela Naval de Cadetes “Almirante Padilla”, con su formato de orquesta, obtuvo el segundo lugar en la modalidad crossover en el Primer Festival de Orquestas y Acordeones Cartagenero 2024, organizado por el canal de YouTube El Berro en el Club de Suboficiales de la ciudad. En el evento participaron …
El Puerto de Vigo recibió la visita de una representación de la Asociación Empresarias de Galicia, que pudo conocer el funcionamiento interno de las diferentes terminales olívicas. La comitiva, encabezada por su presidenta, Susana Pérez, recorrió la zona de servicio portuaria, tras lo que fue recibida por el máximo responsable de Plaza de la Estrella, …
Empresarias de Galicia visitan el Puerto de Vigo Read More »
En esta semana ha tenido lugar el Consejo de Navegación y Puerto de la Autoridad Portuaria de Melilla (APM) en las oficinas centrales del organismo público portuario.Este consejo, que es el órgano de asistencia e información, tanto de la Capitanía Marítima de Melilla como de la presidencia de la APM ha sido convocado a instancias …
Renovación del Consejo de Navegación y Puerto de Melilla Read More »
